When does the minimum wage increase in 2018? The increase is set come on 1 April, 2018. From April 2018, all workers aged 25 and over are legally entitled to at least £7.83 per hour. The United Kingdom minimum wage is currently at the highest amount in 15 years. From the 1 April 2018 the…
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Tax-free personal allowance on income tax to rise to £11,850 in line with inflation in April 2018 Higher-rate tax threshold to increase to £46,350 Short-haul air passenger duty rates and long-haul economy rates to be frozen, paid for by an increase on premium-class tickets and on private jets National Living Wage to rise in April…
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Over 1 million of Britain’s lowest-paid workers are set to benefit as new National Minimum Wage (NMW) rates come into force from 1 October 2014. The rate rise to £6.50 per hour, the first real terms cash increase since 2008, follows the recommendations from the independent Low Pay Commission (LPC) in March this year (2014)…
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Bookkeeping and accounting share two basic goals: to keep track of your income and expenses, thereby improving your chances of making a profit to collect the necessary financial information about your business to file your various tax returns and local tax registration papers. Sounds pretty simple, doesn’t it? And it can be, especially if you…
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Comprehensive summaries of your business’s income and expenses are the heart of the accounting process. But they can’t legally be created in a vacuum. Each of your business’s sales and purchases must be backed by some type of record containing the amount, the date, and other relevant information about that sale. This is true whether…
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